Intuitive Machines (LUNR) SVP/CTO Crain Price Sells ~150,000 Shares

What Happened

• Crain Timothy Price II, Senior Vice President & Chief Technology Officer of Intuitive Machines (LUNR), sold a total of 150,000 shares in open-market transactions on Sept. 18 and Sept. 21, 2026. The sales followed the exercise/conversion of derivative/Common Unit interests into Class A shares. Proceeds from the market sales totaled approximately $2,150,499 (98,500 shares at a weighted avg $13.97 = $1,375,690; 1,500 shares at $14.85 = $22,279; 50,000 shares at $15.05 = $752,530).
• These were disposals (sales) rather than purchases — commonly viewed as routine liquidity events, especially since they were executed under a pre-established trading plan.

Key Details

• Transaction dates and prices:
  • 2026-09-18: 98,500 shares sold, weighted avg $13.97 (per-share range $13.80–$14.78) — $1,375,690 (F3).
  • 2026-09-18: 1,500 shares sold, weighted avg $14.85 (per-share range $14.81–$14.88) — $22,279 (F4).
  • 2026-09-21: 50,000 shares sold, weighted avg $15.05 (per-share range $15.00–$15.18) — $752,530 (F5).
• Derivative activity: On 9/18 and 9/21 Price reported exercises/conversions of 100,000 and 50,000 derivative/Common Unit interests (codes M), followed by dispositions to the issuer and the open-market sales (some derivative entries are listed as disposed).
• Plan and mechanics: Sales were made under a Rule 10b5-1 trading plan adopted Sept. 16, 2025 (F1). The Form notes that Intuitive Machines, LLC Common Units may be redeemed one-for-one for Class A common stock at the holder’s discretion and that redemption cancels corresponding Class C shares (F2).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed on Sept. 22, 2026 for transactions on Sept. 18 and Sept. 21, which is within the typical two-business-day filing window (not marked late).

Context

• These transactions combined conversion/exercise of derivative/Common Unit interests with immediate or prompt sale of resulting shares — effectively a cash-out of converted units. Because the sales were made under a pre-established 10b5-1 plan, they are typically considered routine liquidity trades rather than a discretionary, real-time market-timing decision.
• The filing’s footnotes note that reported prices are weighted averages and the filer will provide a breakdown of individual trade prices on request (F3–F5), which is useful if you want exact per-trade details.